424, rue Richard, Joliette for sale
1 / 4
424, rue Richard, Joliette for sale
$1,400,000
Apply for your Desjardins mortgage financing

Quintuplex for sale

424, rue Richard Joliette Lanaudière

No. 1067382

Contact the owner
Phone
514-795-5551
See it on the map
The steps involved in buying a property Buy
Print
Contact the owner
Phone
514-795-5551
5 bedrooms
5 bathrooms
Lot dimensions 1 523.95x3.28 ft (464.5x1 m)

Owners’ comments

Automated translation

Annual gross revenue. $66,240.

Net income: $58,785.

MRN (Net Income Multiplier).

22

Income property located near downtown and all services.

Converted from 2 to 5 homes and partially renovated in 2019.

5 100A electrical inputs.

1 electrical input available in preparation for connecting electric cars.

Non-smoking building.

Guarantee of rent payments and maintenance of order on the rental of housing. (Explanation available upon accepted purchase offer only).

No visit without the submission of an accepted purchase offer.

Sold without legal warranty

Complete Description
Complete Description

Property features

Asking Price
$1,400,000
Style
Turret
Year of construction
1950
General condition
Very good
Occupation rate
100
Certificate of Location
Yes
Number of parkings
4
Municipal evaluation's date
2024
Lot's municipal evaluation
$1
Building's municipal evaluation
$334,100
Taxes year
2024
Studio
3
1 Bedroom
2
Bedrooms (total)
5

External facing:

  • Brick

Foundation:

  • Rock

Frame:

  • Wooden part on part

Roof:

  • Sheet metal

Floor coverings:

  • Hardwood

Windows:

  • Aluminium

Heating source:

  • Electric

Electric system:

  • 100 amps

Kitchen:

  • Wooden cabinets
  • Melamine cabinets

Bathroom:

  • Bath and shower
  • Separate Shower

Basement:

  • Low (6 feet or under)
  • Unfinished

Upgrades:

  • Kitchen
  • Electrical
  • 9ft ceilings
  • Plumbing
  • Bathrooms
  • Roof
  • Painting
  • Half bath

Garage:

  • Attached

Car shelter:

  • Detached

Location:

  • Highway access
  • Near park
  • Public transportation

Near Commerce:

  • Drugstore
  • Bank
  • Restaurant
  • Shopping Center
  • Bar

Near Health Services:

  • Hospital
  • Dentist
  • Medical center

Near Educational Services:

  • Daycare
  • Kindergarten
  • Elementary school
  • High School
  • College

Near Recreational Service:

  • Sportif center
  • Library
  • Museum
  • Bicycle Path

Complete list of property features

Calculator

Mortgage calculator

i

The price you agree to pay when you purchase a home (the purchase price may differ from the list price).

i

The amount of money you pay up front to secure the mortgage loan.

i

The interest rate charged by your mortgage lender on the loan amount.

i

The number of years it will take to pay off your mortgage.

5 years
10 years
15 years
20 years
25 years
30 years
i

The length of time you commit to your mortgage rate and lender, after which time you’ll need to renew your mortgage on the remaining principal at a new interest rate.

1 year
2 years
3 years
4 years
5 years
6 years
7 years
10 years
i

How often you wish to make payments on your mortgage.

Weekly
Bi-Weekly
Monthly
Mortgage amount
My payments

Would you like a mortgage pre-authorization? Make an appointment with a Desjardins advisor today!

Get pre-approved

Legal information

This online tool was created to help you plan and calculate your payments on a mortgage loan. The results are estimates based on the information you enter. They can change depending on your financial situation and budget when the loan is granted. The calculations are based on the assumption that the mortgage interest rate stays the same throughout the amortization period. They do not include mortgage loan insurance premiums. Mortgage loan insurance is required by lenders when the homebuyer’s down payment is less than 20% of the purchase price. Please contact your mortgage lender for more specific advice and information on mortgage loan insurance and applicable interest rates.

Calculator

Mortgage calculator

i

The price you agree to pay when you purchase a home (the purchase price may differ from the list price).

i

The amount of money you pay up front to secure the mortgage loan.

i

The interest rate charged by your mortgage lender on the loan amount.

i

The number of years it will take to pay off your mortgage.

5 years
10 years
15 years
20 years
25 years
30 years
i

The length of time you commit to your mortgage rate and lender, after which time you’ll need to renew your mortgage on the remaining principal at a new interest rate.

1 year
2 years
3 years
4 years
5 years
6 years
7 years
10 years
i

How often you wish to make payments on your mortgage.

Weekly
Bi-Weekly
Monthly
Mortgage amount
$1,120,000
My payments
$1,575 Weekly

Would you like a mortgage pre-authorization? Make an appointment with a Desjardins advisor today!

Get pre-approved

Legal information

This online tool was created to help you plan and calculate your payments on a mortgage loan. The results are estimates based on the information you enter. They can change depending on your financial situation and budget when the loan is granted. The calculations are based on the assumption that the mortgage interest rate stays the same throughout the amortization period. They do not include mortgage loan insurance premiums. Mortgage loan insurance is required by lenders when the homebuyer’s down payment is less than 20% of the purchase price. Please contact your mortgage lender for more specific advice and information on mortgage loan insurance and applicable interest rates.

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
School taxes
$22.25
$267.00
Municipal taxes
$355.67
$4,268.00
Maintenance fees
$208.33
$2,500.00
Insurance
$220.83
$2,650.00
Total known costs
$807.08
$9,684.96
More info on the costs involved in buying a property

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Revenues
$5,381.67
$64,580.00

The steps involved in buying a property

Could this property be “the one”? Here’s an overview of the steps involved in becoming the owner. These steps and the legal implications remain the same whether the property is purchased from an individual or through a broker.

1
Financing

One of the first things to do when looking for a property is to get a mortgage preapproval from a financial institution. The goal is to determine borrowing capacity, and as a result, the price range to be looking in.

2
Offer to purchase

The property suits the budget and needs? Time to submit an offer to purchase! This document sets out the price, the elements included in the sale, the possession date, the conditions of purchase and all other information relevant to the sale.

Need the form?

Documents to download

3
Conditions of purchase

The offer to purchase generally includes conditions. The most common are the property passing an inspection, the buyer providing proof of financing and the buyer selling their own property. Once the listed conditions are met, the property is considered sold.

4
Property transfer

The last step is to see a notary, who is generally chosen by the buyer. This real estate professional drafts the deed of sale and ensures that the interests of all parties involved are respected.

Once the deed of sale is notarized, the new owner gets the keys to the home. All that’s left is to move in!

More details on these steps

See our All about buying section.

$1,400,000
Apply for your Desjardins mortgage financing

Quintuplex for sale

424, rue Richard Joliette Lanaudière

No. 1067382

Contact the owner
Phone
514-795-5551
See it on the map
The steps involved in buying a property Buy
Print
Contact the owner
Phone
514-795-5551
Do you want to sell commission-free, too?
Explanatory videos of our services
Free  consultation
1 866 387-7677
Back to results